Australia's largest stock trading and investment forum Australia's #1 stock forum

OMN

Click for more information

0.00%

97.0¢ onemarket limited

Struggling to get my head around on this steady decline, looking...

First 7 Last

Share
Profile

Follow
zaidi675

408 Posts.

21

02/11/18

09:49

Post #: 36363186
Share

Originally posted by Transversal: ↑

IOW the investment thesis is starting to get more traction and instos with an overhang are relieving themselves without any downward pressure on the OMN SP.

Ok, I see what you mean now. Sorry, it just wasn’t clear (to me) from your previous post.

Do you not think that is great stuff? Or would you like a downward shake?

Well, I will personally call it “great stuff” if and when there is evidence of meaningful revenue flowing in; I do not see the recent SP rise per se as an indicator of increased probability of that happening.

That said, given the very high percentage of total outstanding shares that had already changed hands 3-4 weeks ago, and given the absence of meaningful price-sensitive news, it was kind of predictable that the SP would start rising before long; with less and less natural sellers every day that passes, and no news on the horizon, it is a bit like reverse gravity.

So I guess I’m glad I bought when I did, as the price would be worse today, but that isn’t enough to make me feel I’ve done “the right thing” just yet.

Interesting corporate situation, for sure.

Expand

Struggling to get my head around on this steady decline, looking very tempting......

OMN Price at posting: 82.0¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

IMU

Imugene kicks off Australian trial for blood cancer treatment

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 7 more messages in this thread...

First 7 Last

Add OMN (ASX) to my watchlist